RBI increases WMA for states to Rs 32,225 crore

The RBI has increased the Ways and Means Advances (WMA) for all states to Rs 32,225 crore for the current and next financial years.

• RBI provides financial help to the government to cope with the financial situations like mismatches in the cash flow by the Ways and means advances(WMA) method.
• WMA are proposed to provide mitigate to the states to carry on their important activities and normal financial operations.